Separation From MBA
A financial crisis in 1875 was resolved when the Peabody Fund made a large donation, and the University of Nashville's operations were split into three different entities.
The board of trustees that had operated the University of Nashville since its re-incorporation in 1826 remained intact and were given the operations of the Montgomery Bell Academy preparatory school. The medical school became part of Vanderbilt University. The literary arts collegiate program received the financial donation from the Peabody Fund, established a new board of trusteees and was renamed the Peabody Normal School, but many continued to refer to it as the University of Nashville.
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